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Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". [1] Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. [1]
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions.
Apart from this original meaning, charity is etymologically linked to Christianity, with the word originally entering the English language through the Old French word charité, which derived from the Latin caritas, a word commonly used in the Vulgate New Testament to translate the Greek word agape (ἀγάπη), a distinct form of love.
Philanthropinism (also philanthropism) is an educational reform movement that was established in the second half of the eighteenth century, rooted in the principles of philanthropy. The name, similar to its rooted origin, is derived from the Greek words for friend and human (φίλος and άνθρωπος respectively).
A charitable organization [1] or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the ...
A donor-advised fund is an account at a sponsoring organization, generally a public charity, where an individual can make a charitable gift to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time.
Philanthropy and politics. Concern over the rise of the religious right led Lear and Texas Congresswoman Barbara Jordan to found People for the American Way in 1981, an organization dedicated to ...
A foundation (also referred to as a charitable foundation) is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities.